Last week, gold prices continued to find support at $1,750 per ounce. The metal closed the week at $1,751.70 per ounce. The U.S. Congress suddenly finds itself in a time crunch. Having spent months debating a $1 trillion infrastructure bill and the $3.5 trillion “Build Back Better” package, Congress will now have to work quickly to pass legislation to “keep the government funded and avert a federal debt default before Thursday’s fiscal year-end deadline,” according to The Associated Press . They are facing an annual deficit of $1 trillion for each of the next 10 years—and that is before adding more than $5 trillion for the two bills. The Republicans have vowed not to help raise the debt limit to allow this additional spending. The Democrats, as a result, may not have the votes to pass a budget. “The White House budget office has reportedly told federal agencies to prepare for the possibility of a government shutdown amid fears a funding resolution may not be reached,” reports Yahoo News . In the past, both political parties agreed on the need to keep raising the government’s credit card limit, but this time seems to be different. This crisis could punish stocks and government Treasury bills—and boost gold as a safe haven. Rick Andrews is president of Avant Capital Management.